Rachel Reeves prepara il pubblico per un aumento delle imposte sul reddito che rompe il manifesto
https://www.ft.com/content/75c67ea8-2123-4864-adf9-ea1d2469af3f
di hihepo1
Rachel Reeves prepara il pubblico per un aumento delle imposte sul reddito che rompe il manifesto
https://www.ft.com/content/75c67ea8-2123-4864-adf9-ea1d2469af3f
di hihepo1
18 commenti
Tbh. She put financial markets on notice that there doesn’t need to be a risk premium on long term debt. There’s a wider issue going on stemming from what’s called the leaky ceiling in us debt.
The broad shoulders of the £45k+ ‘not working people’ must be crushed by the weight of the anxious and mentally unwell.
Wealth taxes are long overdue, she should also close as many loopholes to stop the rich hiding their assets and avoiding tax.
The Labour Parties key policy seems to
be unending Seppuku. Yeah they inherited a set of economic and demographic factors that have been getting worse and worse for the last half century. But bad as things are, better options than raising income tax do exist.
A 90% tax on Brexiteers would be perfect. She could even call it the “traitor tax”. The amount of rage it would trigger could be a reliable new power source if harnessed correctly.
The rough figures are that 1% on income tax would raise 10bn.
Benefits and pensions cost approx. 310bn a year.
In a back of the envelope, first order roundabout sense, what this means is that if we currently had no income tax and no state pension, it would require a 31% income tax to get there, which is probably about what we have now when you take into account all of the bands and cliff edges and allowances etc.
You wouldn’t be funding anything else, that would have to come from other taxes like VAT, corporation tax, national insurance etc.
To me it just feels like that is intuitively not worth it. If the average person simply put 30% of their income above the personal threshold away and matched inflation then we would all be far better off, surely.
Edit: actually, an easier way to look at this is just to note that for 2024 income tax receipts were ~310bn. So it is basically just a straight redistribution. _All_ of your income tax just goes to other people in the form of various benefits, everything else is funded from other taxes.
“Labour will not increase taxes on working people, which is why we will not increase National Insurance, the basic, higher or additional rates of income tax, or VAT.”
That was Labours manifesto pledge in black and white. If they do raise income tax, this Labour government will be the first government to do so in over 50 years.
Earning 45k isn’t even working class anymore . They are gonna punish the low income people .
Has a pre-budget build up ever had as much discussion before?
Granted, the ‘2022 fiscal statement’ aftermath generated a lot, but it feels like this is off-the-scale in terms of spilt ink
If she puts up base rate income tax before scrapping the triple lock then labour deserve to be relegated to the backwaters of politics for the next couple of decades with the libdems. And I say that as a well educated centre left blairite. I should be be the core Starmer voter.
No way 45k can be classed as a decent income when the new minimum wage will be not far off 30k next year!!!
I know I’ll get down voted for this but I think there should be more tax bands.
That means the lower paid could pay a bit less, The middle would be similar to what they are now, and those paid more than say 100k would pay a bit more.
But with less over the cliff changes, so stick say a 30 to 35% band in there somewhere and a 50% for earnings over 100k.
Assuming its true, which is a big if because not ruling something out, doesnt mean they will do something. What is the point in voting for any party, ever?
Because if true they all promise xyz in their manifesto then just go back on it. So what are people actually voting for?
[Strong Foundations. Secure Future](https://tenor.com/bQohj.gif)
Can the IMF, Gilt market and Credit rating agencies force these governments to do the unpopular but right things?
We all know it’s coming.
I’d like the government to be forced to cut pensions and welfare bills BEFORE we have an economic meltdown, not because of a meltdown.
Country is being run off a cliff by the elderly and unproductive.
I’m starting to think people should lose the vote once they receive non working benefits.
People need to understand that these things like wealth taxes etc can raise money but in the grand scheme of things its a bit of money here and a bit of money there rather than a butt ton of money that is needed, and the result is public outrage every time and bad press.
They are always going to need actual tax rises and if they can do it and not do anymore random taxes here or reduce benefits there then they get a shitstorm of concentrated bad press that will be gone in a years time.
This is better for them but also probably better for everyone else in the long run as well in terms of actually funding things. I don’t want taxes to rise but I recognise that until we have more growth, more jobs, and more of those on long term sick back in work, there isn’t any more tax to be had, so taxes go up.
Lets see what comes and I don’t think labour should have said they would never up taxes but I also don’t think they would have gotten in if they didn’t and I would rather have them than the tories or reform so overall, meh.
Newsflash for all the lefties frothing at the pussy at the prospect of a wealth tax – the mega rich move wealth, assets and domicile very quickly. This is why the UAE has seen an influx of millionaires and the UK has seen an exodus. It’s not the £30bn answer you think it is. Cut spending.
Can we share the article as it’s behind a paywall? Wish we would stop sharing paywall articles tbh